Nuance Investments, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Nuance Investments, LLC reported 46 stock positions worth $982.1 million. Its top holding was Clorox (CLX) at 8.7% of the portfolio, followed by California Water Service Grp (CWT, 8.2%) and Marten Transport (MRTN, 6.6%). Compared with Q2 2025, it opened 7 new positions, sold out of 7, added to 14 and reduced 25. The biggest buy was a new position in Aspen Insurance Class A (AHL) and the biggest sale Estee Lauder Companies Class A (EL, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- Kansas City, MO
- CIK
- 0001473182
- Portfolio Value
- $982.1M (Q3 2025)
- SEC Filing
- 0001473182-25-000003 ↗ filed Nov 6, 2025
Holdings Value
Holdings 46 stocks · $982.1M
| CLX Clorox Company | 8.72% | 694,817 | $85.7M | Reduce -18.1% |
| CWT California Water Service Grp | 8.24% | 1,764,459 | $81.0M | Add +2.1% |
| MRTN Marten Transport Ltd. | 6.65% | 6,122,415 | $65.3M | Add +6.5% |
| INFA Informatica Inc. Class A | 6.23% | 2,463,395 | $61.2M | Add +37.7% |
| WERN Werner Enterprises Inc. | 5.25% | 1,957,825 | $51.5M | Reduce -24.4% |
| SOLV Solventum Corp. | 5.18% | 696,967 | $50.9M | Reduce -21.1% |
| HTO H2O America | 5.07% | 1,021,922 | $49.8M | Add +5.9% |
| WAT Waters Corp. | 4.48% | 146,886 | $44.0M | Add +598.4% |
| AHL Aspen Insurance Holdings Class A | 4.48% | 1,198,155 | $44.0M | New |
| GL Globe Life Inc. | 3.79% | 260,218 | $37.2M | Reduce -54.5% |
| BDX Becton Dickinson and Co. | 3.17% | 166,535 | $31.2M | Reduce -33.9% |
| IEX Idex Corp. | 2.69% | 162,594 | $26.5M | Add +102.3% |
| TMO Thermo Fisher Scientific Inc. | 2.62% | 52,997 | $25.7M | Reduce -39.7% |
| KMB Kimberly-Clark Corp. | 2.60% | 204,977 | $25.5M | Add +37.2% |
| HOLX Hologic Inc. | 2.48% | 361,449 | $24.4M | Reduce -73.8% |
| QGEN Qiagen N.V. | 2.45% | 538,821 | $24.1M | Reduce -60.3% |
| HSIC Henry Schein Inc. | 2.12% | 314,208 | $20.9M | Reduce -61.1% |
| NTRS Northern Trust Corp. | 1.93% | 140,523 | $18.9M | Reduce -63.5% |
| POR Portland General Electric Co. | 1.77% | 396,173 | $17.4M | Add +212.2% |
| MKC McCormick & Co.-Non VTG SHRS | 1.57% | 229,986 | $15.4M | New |
| AWK American Water Works Co. Inc. | 1.42% | 99,995 | $13.9M | Reduce -23.4% |
| ATR Aptargroup Inc. | 1.40% | 102,960 | $13.8M | Add +41.3% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.28% | 143,008 | $12.6M | Reduce -87.0% |
| EG Everest Group Ltd. | 1.19% | 33,493 | $11.7M | Add +59.2% |
| KVUE Kenvue Inc. | 1.18% | 713,402 | $11.6M | New |
| AVA Avista Corp. | 1.11% | 288,203 | $10.9M | Add +50.4% |
| ROG Rogers Corp. | 1.00% | 122,411 | $9.8M | Reduce -69.7% |
| KNX Knight-Swift Transportation | 0.94% | 234,715 | $9.3M | Reduce -23.0% |
| RGA Reinsurance Group of America | 0.93% | 47,334 | $9.1M | Add +30.6% |
| CNH CNH Industrial NV | 0.70% | 633,272 | $6.9M | Add +10.9% |
| TTC Toro Co. | 0.68% | 87,814 | $6.7M | Reduce -49.0% |
| LNN Lindsay Corp. | 0.65% | 45,381 | $6.4M | Reduce -13.1% |
| CVGW Calavo Growers Inc. | 0.61% | 231,653 | $6.0M | Reduce -64.6% |
| DGX Quest Diagnostics Inc. | 0.59% | 30,207 | $5.8M | New |
| NOC Northrop Grumman Corp. | 0.58% | 9,403 | $5.7M | Reduce -81.1% |
| IWS iShares Russell Mid-Cap Valu | 0.57% | 40,300 | $5.6M | Add +167.9% |
| GGG Graco Inc. | 0.57% | 65,986 | $5.6M | Reduce -24.7% |
| NKE Nike Inc. Class B | 0.55% | 78,082 | $5.4M | Reduce -55.1% |
| AVO Mission Produce Inc. | 0.54% | 444,288 | $5.3M | Reduce -54.3% |
| ED Consolidated Edison Inc. | 0.41% | 39,962 | $4.0M | New |
| TRV The Travelers Cos Inc. | 0.32% | 11,156 | $3.1M | New |
| DOC Healthpeak Properties Inc. | 0.32% | 161,536 | $3.1M | Reduce -23.7% |
| ARE Alexandria Real Estate Equit | 0.31% | 36,348 | $3.0M | Reduce -28.1% |
| NDSN Nordson Corp. | 0.30% | 12,965 | $2.9M | Reduce -63.6% |
| FDS Factset Research Systems Inc. | 0.28% | 9,540 | $2.7M | New |
| THRM Gentherm Inc. | 0.07% | 21,170 | $721K | Reduce -88.3% |
Portfolio Sells Q2 2025 → Q3 2025
| EL Estee Lauder Companies Class A | Reduce -87.0% | 1.28% | −5.65 |
| HOLX Hologic Inc. | Reduce -73.8% | 2.48% | −4.52 |
| QGEN Qiagen N.V. | Reduce -60.3% | 2.45% | −2.63 |
| HSIC Henry Schein Inc. | Reduce -61.1% | 2.12% | −2.48 |
| NTRS Northern Trust Corp. | Reduce -63.5% | 1.93% | −1.88 |
| GL Globe Life Inc. | Reduce -54.5% | 3.79% | −1.75 |
| NOC Northrop Grumman Corp. | Reduce -81.1% | 0.58% | −1.35 |
| ROG Rogers Corp. | Reduce -69.7% | 1.00% | −1.15 |
| CVGW Calavo Growers Inc. | Reduce -64.6% | 0.61% | −0.75 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.74 |
| NKE Nike Inc. Class B | Reduce -55.1% | 0.55% | −0.41 |
| TGT Target Corp. | Sold out | 0.00% | −0.40 |
| AVO Mission Produce Inc. | Reduce -54.3% | 0.54% | −0.34 |
| THRM Gentherm Inc. | Reduce -88.3% | 0.07% | −0.33 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.32 |
| RJF Raymond James Financial Inc. | Sold out | 0.00% | −0.32 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.30 |
| IDA Idacorp Inc. | Sold out | 0.00% | −0.30 |
| NDSN Nordson Corp. | Reduce -63.6% | 0.30% | −0.29 |
| INDB Independent Bank Corp. | Sold out | 0.00% | −0.28 |
| WERN Werner Enterprises Inc. | Reduce -24.4% | 5.25% | −0.27 |
| TTC Toro Co. | Reduce -49.0% | 0.68% | −0.27 |
| BDX Becton Dickinson and Co. | Reduce -33.9% | 3.17% | −0.21 |
| TMO Thermo Fisher Scientific Inc. | Reduce -39.7% | 2.62% | −0.16 |
| KNX Knight-Swift Transportation | Reduce -23.0% | 0.94% | −0.11 |
| SOLV Solventum Corp. | Reduce -21.1% | 5.18% | −0.04 |
| GGG Graco Inc. | Reduce -24.7% | 0.57% | −0.02 |
| AWK American Water Works Co. Inc. | Reduce -23.4% | 1.42% | +0.00 |
| ARE Alexandria Real Estate Equit | Reduce -28.1% | 0.31% | +0.02 |
| DOC Healthpeak Properties Inc. | Reduce -23.7% | 0.32% | +0.03 |
| LNN Lindsay Corp. | Reduce -13.1% | 0.65% | +0.06 |
| CLX Clorox Company | Reduce -18.1% | 8.72% | +0.79 |
Portfolio Buys Q2 2025 → Q3 2025
| AHL Aspen Insurance Holdings Class A | New | 4.48% | +4.48 |
| WAT Waters Corp. | Add +598.4% | 4.48% | +3.91 |
| INFA Informatica Inc. Class A | Add +37.7% | 6.23% | +2.84 |
| CWT California Water Service Grp | Add +2.1% | 8.24% | +2.12 |
| IEX Idex Corp. | Add +102.3% | 2.69% | +1.60 |
| MKC McCormick & Co.-Non VTG SHRS | New | 1.57% | +1.57 |
| POR Portland General Electric Co. | Add +212.2% | 1.77% | +1.37 |
| KVUE Kenvue Inc. | New | 1.18% | +1.18 |
| HTO H2O America | Add +5.9% | 5.07% | +1.16 |
| KMB Kimberly-Clark Corp. | Add +37.2% | 2.60% | +1.09 |
| MRTN Marten Transport Ltd. | Add +6.5% | 6.65% | +0.83 |
| EG Everest Group Ltd. | Add +59.2% | 1.19% | +0.64 |
| DGX Quest Diagnostics Inc. | New | 0.59% | +0.59 |
| AVA Avista Corp. | Add +50.4% | 1.11% | +0.54 |
| ATR Aptargroup Inc. | Add +41.3% | 1.40% | +0.51 |
| IWS iShares Russell Mid-Cap Valu | Add +167.9% | 0.57% | +0.42 |
| ED Consolidated Edison Inc. | New | 0.41% | +0.41 |
| RGA Reinsurance Group of America | Add +30.6% | 0.93% | +0.37 |
| TRV The Travelers Cos Inc. | New | 0.32% | +0.32 |
| FDS Factset Research Systems Inc. | New | 0.28% | +0.28 |
| CNH CNH Industrial NV | Add +10.9% | 0.70% | +0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 52 | $587.7M | QGEN, CWT, CLX, TMHC, SOLV |
| Q1 2026 | 43 | $717.1M | CWT, MRTN, QGEN, CLX, WERN |
| Q4 2025 | 45 | $907.6M | CLX, CWT, MRTN, WERN, AHL |
| Q3 2025 | 46 | $982.1M | CLX, CWT, MRTN, INFA, WERN |
| Q2 2025 | 46 | $1.3B | CLX, HOLX, EL, CWT, MRTN |
| Q1 2025 | 48 | $1.5B | EL, XRAY, QGEN, CWT, WERN |
| Q4 2024 | 52 | $2.5B | XRAY, EL, QGEN, GL, HSIC |
| Q3 2024 | 47 | $3.0B | XRAY, QGEN, HSIC, NTRS, WERN |
| Q2 2024 | 48 | $3.3B | XRAY, MMM, CLX, QGEN, NTRS |
| Q1 2024 | 49 | $3.8B | MMM, XRAY, KMB, NTRS, QGEN |